The 2025 investment year began with post-election euphoria and ended with hard-won lessons about process over panic. After markets peaked in mid-February, the April tariff shock erased roughly six trillion dollars in forty-eight hours—testing investor discipline like nothing since the pandemic crash. Those who sold locked in losses; those who held firm captured an eighteen percent full-year gain. Looking forward, we see structural tailwinds in power and energy infrastructure and semiconductor supply chains, while monitoring risks in elevated valuations, sticky inflation, and early signs of labor market stress. The same analytical framework that guided us through April shapes our 2026 positioning.
SLG is an independent investment management and advisory firm serving ultra-high-net-worth individuals, families, and institutions.
